Nordex (OTCMKTS:NRDXF) Shares Down 9.4% – Time to Sell?

Shares of Nordex SE (OTCMKTS:NRDXF) dropped 9.4% on Tuesday. The company traded as low as $41.01 and last traded at $41.01. Approximately 201 shares were traded during trading, a decline of 47% from the average session volume of 377 shares. The stock had previously closed at $45.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a report on Friday, October 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research report on Thursday, July 30th. Finally, Citigroup raised shares of Nordex from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Nordex has an average rating of “Hold”.

Nordex Stock Performance

The company has a fifty day moving average of $45.39 and a two-hundred day moving average of $49.11.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer of onshore wind turbines. The company develops, produces and sells turbine systems for utility-scale wind farms, with product offerings designed for a range of wind conditions and site requirements. Its portfolio includes the Delta4000 series, along with related turbine components, digital monitoring tools and control systems.

In addition to equipment manufacturing, Nordex provides project-related services and long-term maintenance, repair and technical support for wind turbines.